Frederick Alexander Szarvasy (20 February 1875 – 3 July 1948) was a Hungarian-born British financier. He became one of the leading financiers and industrialists in Britain.[1]
Frederick Szarvasy was born in Hungary, then a part of the Austro-Hungarian Empire. He was the son of Alexander Szarvasy, a banker.[2] After spending some time in South America, he arrived in London around 1901 and worked for Montagu Oppenheimer.[2]
Szarvasy quickly rose to prominence and gained a reputation for salvaging companies that were undermined by excessive debt.[3] When Dunlop Rubber faced bankruptcy in 1921, Szarvasy was appointed as chairman and managing director.[3]
Szarvasy was described by an American trade magazine as "the most daring and successful financier in London" in 1923.[4]
Szarvasy played a leading role in the foundation of Imperial Airways in 1924.[5]
Szarvasy acquired United Anthracite Collieries from Lord Melchett in 1928.[5] As such, he gained control of 80 percent of the South Wales anthracite supply.[6]
Szarvasy died suddenly at his London home on 3 July 1948.[7]
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